Actually the assumption is impossible. No asset class in history I believe has crashed to a $1 Overnight . Even if it were to crash to a low price it would take many months, maybe years. When a companys stocks tumble because of liquidation it takes months, years too until its delisted.
If on other less regulated market places it did, short sellers could easily arbitrage and for $5 in insurance would buy 5 Bitcoin and run the token into zero value.
your views?
Why should i care if bitcoin drops 1$ overnight ?because i know for sure that in the next day it will grow again to more than $20,000 lol
This market is unpredictable and volatile everything can happen overnight,so if this can fall to a penny,then it can grow also to million right?
I doubt that bitcoin can go back to zero value,because this currency is circulating in the whole world market and has being used by billionaires,for sure they will never allow this to happen even in a glimpse of an eye